#Cybersecurity Experts Roger Cressey and Andrew
Douthwaite discuss changing landscape of security; (CSE: $VAI.C) (OTC: $VTRL)
(NYSE: $BAH) (NASDAQ: $CHKP) (NYSE: $ACN)
Point Roberts, WA and Delta, BC - February 22, 2018
(Investorideas.com Newswire) Investorideas.com, a leading investor news
resource covering defense and security stocks issues a snapshot looking at the
current cybersecurity landscape and how experts and service providers are
shifting companies into a new era of security; beyond a "bigger wall"
mindset.
Read this in full at https://www.investorideas.com/news/2019/defense/02222Cybersecurity-RogerCressey-AndrewDouthwaite.asp
Investor Ideas turned
to cybersecurity expert Roger Cressey at Liberty Group Ventures, LLC for insight into
the sector and what is needed to address current and future threats. Cressey was formerly with Booz Allen Hamilton
(NYSE: BAH), Good Harbor Consulting, held senior cyber security
and counterterrorism positions in the Clinton and Bush Administrations and was
an on-air counterterrorism analyst with NBC News.
Cressey said, “We
have been very slow on understanding how to integrate cybersecurity into our
overall business operations.”
Listen to full interview with Roger Cressey:
According to recent commentary from Consulting.US, “The interest in
cybersecurity consultancy is an international phenomenon. Saudi Arabia in June
entered into an agreement with Booz Allen Hamilton, which will see the American
consulting firm train Saudi cybersecurity experts. In a report that analyzed
158 UK-based cybersecurity start-ups, consulting firm Wavestone found that
demand for cybersecurity services rose steeply in 2018.“
VirtualArmour International Inc. (CSE:VAI) (OTC:VTLR), a global cybersecurity
and managed services provider, is gearing up to launch a new version of their
proprietary CloudCastr client portal and prevention platform, and company CTO,
Andrew Douthwaite explains how regulation is healthy for promoting good
security.
“The more regulation the better, so we can keep
this drive toward good security going forward,” he said.
“One way VirtualArmour has been able to keep
clients in the loop with regard to security risks and data, is their Cloudcastr client portal, a proprietary monitoring and visualization platform.”
Douthwaite explained that the platform provides
“…an overview of current threats that are happening, all of the services that
we’re offering to that customer, access to our managed service engineers and
has other functionalities such as secure file share.”
Douthwaite said that the platform is being updated
all the time and that clients can anticipate a 2.0 which will boast even more
capabilities.
“Cloudcastr has been continually developed from
there, adding new features all the time,” he said. “And we’re going for a new
big launch, which is being developed…of Cloudcastr 2.0. It will include a lot
of new features, such as reporting, invoicing and some more predictability
pieces around the security environment.”
Listen to full interview with CTO Andrew Douthwaite:
According to Accenture (NYSE: ACN), one of the largest cyber consultancy firms, the
average cost of malware attack spending and the top cost to companies is $2.4
million and the average time to resolve a malicious insiders attack is 50
days. Their approach; historically, the energy spent on securing data
has been focused on building a better “wall.” It’s an approach that no longer
works in today’s perimeter-less world where some seven billion connected
devices (80 billion by 2025*) have opened a liquid stream of data vulnerable to
attack.
“It is time to shift
our security posture to focus on a liquid approach to cybersecurity - where
strong, immutable identities, hardened data and an ever-changing polymorphic
attack surface enable us to move beyond cyber resilience to a constant state of
business operations.”
Recent breaking news
in the sector; Infocyte, a cybersecurity company focused on proactive threat
detection and incident response and Check Point Software Technologies Ltd. (NASDAQ:CHKP), a leading provider of cyber security solutions
globally, said they are partnering to deliver faster threat detection and incident
response services on compromised hosts. As part of the partnership, Infocyte's
platform, Infocyte HUNT will be integrated with Check Point's suite of advanced
services. Both companies will share threat intelligence to improve their threat
detection and incident response capabilities.
Check Point's recent Cyber Attack Trends Report highlights the growing concern around
advanced threats. New forms of malware, cryptominers, ransomware and other
cyber-attacks continue to show alarming rates of success across cloud,
traditional, and hybrid networks. As cyber-attacks evolve, they become better
at penetrating deep into IT networks and hiding from traditional detection
technologies. In an effort to fight back, companies are adopting proactive
practices like post-breach threat detection and remediation solutions that
complement their existing cyber security defenses.
Turning back to how Roger Cressey sees the landscape, he said, “I do think
things are starting to evolve and I think there is a higher level of awareness,
especially in corporations, that I have not seen in a number of years and
that’s encouraging.”
Investor Ideas has
created a stock directory of Security and Defense stocks, Biometrics stocks, Homeland security
stocks, Biodefense stocks, Cybersecurity stocks.
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